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Print[Ferro-Alloys.com] It’s reported that that the slumped iron ore prices have forced the Chinese miners to cut production to reduce oversupply.
Minmetals, a state-controlled mining company in China has cut the daily iron ore production at its subsidiary Minmetals Luzhong Mining to 4,500 tons from 5,000~6,000 tons.
An official at Minmetals said that more and more Chinese miners decided to reduce iron ore production due to weak demand from the Chinese steelmakers.
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